Shoulder Fired Weapons Global Market Report 2023

“Shoulder Fired Weapons Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on shoulder fired weapons market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for shoulder fired weapons? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The shoulder fired weapons market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: Guided; Unguided

• 2) By Component: Launcher; Ammunition

• 3) By Application: Defense; Home Security; Others

• Companies Mentioned: Lockheed Martin Corporation; Thales Group; Saab AB; MBDA; Raytheon Company

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the shoulder fired weapons market are: Lockheed Martin Corporation, Thales Group, Saab AB, MBDA, Raytheon Company, Rafael Advanced Defense Systems, Denel Soc Ltd., JSC SPA Bazalt, Roketsan AS, General Dynamic Corporation, AirTronic USA LLC, BAE Systems PLC., Machinery and Chemical Industry Inc., China North Industries Group Co Ltd., Rheinmetall AG and SIATT.

The global shoulder fired weapons market grew from $6.52 billion in 2022 to $7.47 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The shoulder fired weapons market is expected to grow to $11.97 billion in 2027 at a CAGR of 12.5%.

The shoulder fired weapons market consists of sales of rocket-propellant grenade and bazooka. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The shoulder fired weapons refer to a weapon that is shot while being held in the hands and having its butt pressed up against a shoulder.

North America was the largest region in the shoulder fired weapons market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shoulder fired weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The main types of shoulder-fired weapons are guided and unguided. Guided should fired weapons refer to weapons whose path may be changed while in flight by a radar device. These weapons have a launcher and ammunition. These weapons are used for defense, home security, and others.

Increasing defense expenditures is expected to drive the shoulder-fired weapons market. The defense expenditure is increasing to remain in power and secure the position of a country. Armed forces use shoulder-fired weapons throughout the world for defense and safety. The use of shoulder-fired Weapons gives a considerable advantage to troops by engaging targets without worrying about the strike's accuracy and the weapon's weight. According to Stockholm International Peace Research Institute (SIPRI), India's military spending grew to USD 76.6 billion in 2021, a 0.9% rise over the previous year. Therefore, an increase in defense expenditure drives the shoulder-fired weapons market.

The development of recoilless artillery is a key trend in the shoulder-fired weapons market. Recoilless weapons are direct-fire weapons differentiated by a method of operation in which propellant gases (or another counter-mass such as powder or liquid) are released from the back of the barrel to balance the recoil caused by the projectile's forward motion. This eliminates the bulky and inconvenient recoil-counteracting equipment of a typical cannon, allowing for a thinner-walled barrel. As a result, it is possible to launch a relatively large projectile from a platform that would otherwise be incapable of carrying the weight or recoil of a comparable-sized conventional cannon. In May 2022, Sweden's military said it would be acquiring a new sort of ammunition for a weapon it already owns, the Carl Gustaf Recoilless Rifle. Carl Gustaf belongs to a heritage of recoilless rifles with hollow tubes for large-caliber explosives that include spiral grooves in the barrel to assist the precision of the shots discharged.

In November 2021, True Velocity, a US-based technology company that produces the most modern composite cased munitions, acquired LoneStar Future Weapons for $84 million. With a strategic acquisition, True Velocity is armed with an innovative approach to developing lightweight ammunition and advanced manufacturing technologies, leveraging LoneStar Future Weapons' extensive expertise in research and design, precision manufacturing, quality control, and production efficiency. LoneStar Future Weapons is a Texas-based cutting-edge technological business dedicated to developing next-generation defense solutions.

The countries covered in the shoulder fired weapons market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The shoulder fired weapons market research report is one of a series of new reports from The Business Research Company that provides shoulder fired weapons market statistics, including shoulder fired weapons industry global market size, regional shares, competitors with a shoulder fired weapons market share, detailed shoulder fired weapons market segments, market trends and opportunities, and any further data you may need to thrive in the shoulder fired weapons industry. This shoulder fired weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.